Wednesday, Apr 24 2013 4:33PM
Low-income Americans put more income toward energy bills than affluent households.
Many low-income families may be eligible for housing assistance programs or low-rate loans, but they may still be burdened by high energy costs, according to a new study.
Data from the U.S. Energy Information Administration reveals that low-income Americans pay roughly double the amount in energy costs that wealthy individuals are obligated to pay. The study found that households in the highest 20 percent income bracket devoted 3 percent of income or less to annual energy expenditures. However, those in the lowest 20 percent income bracket paid roughly 6 percent or higher in annual energy costs.
Several states across the country are seeking ways to extend access to low-income energy assistance programs, and the Public Service Electric and Gas Company sent out a reminder to low-income individuals to submit applications for assistance by the April 30 deadline, according to Yahoo News.
"We know there are many customers who are eligible but unfortunately miss the deadline," said PSE&G vice president of customer solutions Joseph A. Forline. "We want to see as many customers as possible take advantage of this opportunity to get help with their energy bills."
Many states have their own energy assistance programs, and many states, including California and Oregon, are seeking to advance legislation to extend or expand these initiatives.
For more information, check out this resource: The U.S. Energy Information Administration, and Yahoo News